S. 213: Main Street Tax Certainty Act

S. 213 is a federal bill in the 119th Congress. Before this bill, certain business owners, trusts, and estates could deduct up to twenty percent of their business income on their taxes, but that tax break was set to expire after December 31, 2025. If Congress did nothing, that deduction would completely… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.